TransUnion Reaches Milestone - Acquires Its Entire Database

TransUnion announced today that it acquired the last independently owned segment of its credit database. This acquisition makes TransUnion the first and only national credit reporting company to own its entire credit database, giving it total control over the quality, quantity and types of data housed in its system.
 
Historically, the U.S. credit reporting system was built on the model of independent credit bureaus owning data files housed on the nationwide credit reporting networks. "Acquiring these last remaining data files completes TransUnion’s infrastructure goal of owning all of the TransUnion database assets," said William Stockdale, vice president of TransUnion’s Data Acquisition Services. "We can now leverage our entire database to deliver enhancements, better insights and innovative solutions to our customers, helping them make better business decisions."

Developed by TransUnion, the TransUnion database was the first online information storage and retrieval data-processing system to serve credit grantors nationwide.